Career Path for Economics majors.
What do the career prospects look like?
What are the skills that are needed for the suggested career path?
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So far, you can consider: 1. Further study: you can get a master or go straight to PHD if you want to enter academia or want to do public policy in the future 2. Business: econ consulting, investment banking (honestly whatever econ is a widely applicable major) For the skill: you need to add some soft skills + social skills + niche understandin about something (topics of your choice ie. financial markets) since Econ is pretty academic and general.
I think Masters is a great idea.
Especially if you are interested in Business, MBA is a great seller and a good growth placememnt
economics is a very broad major but pretty respected across the board. in fact, since it’s so theoretical, it’s perfectly applicable to many different PhDs like economics itself, finance, political science, marketing, statistics, etc. but almost all of these require a math double major or just heavy quantitative course work at the undergrad level.
poster above mentioned the standard corporate paths for the major. economics is also pretty respected in state government and think tank jobs, if you have the résumé for it (relevant internships and research experience and whatnot)
the same corporate world jobs that most other majors can go for (granted good school, networking etc pre-reqs are met). be that: management/biz functions (e.g. HR, FP&A, Risk etc) at corporates/mid-markets/SMBs/startup, high finance (ala the roles this site strokes the monkey over), regular finance (corp/comm banking, retail FA, treasury solutions, insuranc etc), consulting, ad/pr account strat/man roles, professional-tier sales roles, corporate law (law school needed), etc
more niche econ-specifc roles out of undergrad are mainly in econ/litigation consulting, (if your government recruits out of UG instead of MSc/PhD) econ policy/research in government/a central bank, econ research at banks, etc
econ MSc/PhDs can lead to jobs at corporations as an "econ-focused data scientists", regular data scientists, quants, policy roles, global macro strat etc
or you could up-skill by yourself and do something that's pretty agnostic to backgrounds given skills are met like product/UX design or software engineering
so it's a mixed bag of: stuff most majors could do, stuff only econ majors can do, stuff that probably requires an advanced education and stuff you can teach yourself to move into
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